We're there. January 2010 is here and whatever the Bears may say, so far they're still in pain.
Being short this market since last April/May (sell in May and go away!) must be so painful since the chance of a lifetime was (or still is???) right among us all. Right in our face!
Now what?
Is it too late to ride the Bull wagon to 1500 or is it time to short it back down to 666 and under?
Nobody knows that for a fact!
MSM has been cheering since April that the recession was over. The eternal Permabear Economists have been shouting to be careful and not fall for this sucker rally.
Well, you can't always be right.
All I can say here is to NOT LISTEN TO ANYBODY BUT YOURSELF.
Forget about the financial advisors/brokers. They are human beings just like yourself and in this totally manipulated stock market you're better off taking your own calls.
There are signals out there (not so clear) that show that the major investors (those who carry the biggest cake) are still waiting for confirmations about where to go (sell or buy). So far they are still on the sidelines with their major slices. Sure, they might have missed an unrepeatable rally of a lifetime, but remember in March '09 the whole world was crumbling down.
Now, after $$ billions of patches here and there it seems that the bull stopped bleeding for a bit. But how to cure cancer? Advil and Tylenol?
My deepest advice now is to embrace whatever cash you have and remember that it might be gone in hours (not to say minutes) if some truth hits the MSM.
Therefore, if you're a day trader, stare at your position non stop. If long term investor and already invested then......watch some Football or Sitcom and don't worry about your long term investments. In 10-15 years you should be fine hopefully.
If you are out of the market and want to get in now.......oh well.......as I said.....If you feel it in you and are brave enough.....go for it. But it has to be on your own advice.....NOBODY ELSE'S.
Itsme
Being short this market since last April/May (sell in May and go away!) must be so painful since the chance of a lifetime was (or still is???) right among us all. Right in our face!
Now what?
Is it too late to ride the Bull wagon to 1500 or is it time to short it back down to 666 and under?
Nobody knows that for a fact!
MSM has been cheering since April that the recession was over. The eternal Permabear Economists have been shouting to be careful and not fall for this sucker rally.
Well, you can't always be right.
All I can say here is to NOT LISTEN TO ANYBODY BUT YOURSELF.
Forget about the financial advisors/brokers. They are human beings just like yourself and in this totally manipulated stock market you're better off taking your own calls.
There are signals out there (not so clear) that show that the major investors (those who carry the biggest cake) are still waiting for confirmations about where to go (sell or buy). So far they are still on the sidelines with their major slices. Sure, they might have missed an unrepeatable rally of a lifetime, but remember in March '09 the whole world was crumbling down.
Now, after $$ billions of patches here and there it seems that the bull stopped bleeding for a bit. But how to cure cancer? Advil and Tylenol?
My deepest advice now is to embrace whatever cash you have and remember that it might be gone in hours (not to say minutes) if some truth hits the MSM.
Therefore, if you're a day trader, stare at your position non stop. If long term investor and already invested then......watch some Football or Sitcom and don't worry about your long term investments. In 10-15 years you should be fine hopefully.
If you are out of the market and want to get in now.......oh well.......as I said.....If you feel it in you and are brave enough.....go for it. But it has to be on your own advice.....NOBODY ELSE'S.
Itsme
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